For instance, RBC Wealth Management offers a range of services to help you preserve your wealth and reach your goals in a tax-effective manner by including tax strategies in your wealth management plan . Tax planning is an essential part of financial planning that involves proactively seeking opportunities to take advantage of short- and long-term tax savings. A wealth manager can provide advice on how to structure finances to minimize tax liability, especially for those with multiple income streams or business owners . Wealth management involves creating and implementing a financial plan that considers investments, insurance, retirement savings, estate planning, and taxes . PwCs guide to tax and wealth planning is updated annually to provide you with the latest tax planning information aimed at helping you make the right moves to plan for your familys future and manage your wealth .